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Real Estate Glossary

Drive-time Approach

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Written by Luis Escobar

This is a process wherein a trade area and sales or revenue have a potential of a rcenter or etail establishment are estimated based on the Central Place Theory and how far people would travel in order to obtain and purchase retail goods as defined by mileage or drive time.

This is a process wherein a trade area and sales or revenue have a potential of a rcenter or etail establishment are estimated based on the Central Place Theory and how far people would travel in order to obtain and purchase retail goods as defined by mileage or drive time.

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Luis Escobar

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